Tag: Fees

Posted on June 26, 2020

Ranked Top 3 for Complex Financial Planning Needs

Overview

Founded by Wall Street veteran Sallie Krawcheck, Ellevest caters to a historically underserved segment of investors—women. Ellevest is poised to scale quickly, as women are estimated to control north of $11 trillion worth of investable assets in the United States.  Since its founding, Ellevest has managed to raise an impressive $78 million in venture capital funding, including support from familiar names including Melinda Gates and Google co-founder Eric Schmidt.  Here is our Ellevest review.

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Posted on May 27, 2020

The first quarter of 2020 was a volatile time for markets as they dealt with the impact of COVID-19. Backend Benchmarking tracks various subsets of robo-advice offerings to get a better picture of what firms offer. One such subset is active portfolios. We have active portfolios opened at E*Trade, Morgan Stanley, Betterment,  TIAA, and Titan Invest. Titan is the only one of these that does not have a non-active counterpart. It must be noted that Betterment does not consider their portfolio to be a true active portfolio. Instead, they consider it “smart beta” by employing Goldman Sachs active beta funds. 

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Posted on May 26, 2020

Overview

Vanguard Digital Advisor is the new robo advisor offered by the industry-heavyweight, Vanguard. This service is the new digital-only alternative to Vanguard’s popular hybrid-advisor offering, Vanguard Personal Advisor Services. Although some of the features are not fully available yet like “emergency funds” and “prepare for you debt”, we were excited to take a close look at this new offering. Vanguard for some time now has been the pioneer of low-cost investing, and now it has its own fully-automated robo advisor. 

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Posted on May 15, 2020

Overview

Titan Invest is one of the most unique robo-advice accounts we track at Backend Benchmarking. Titan has 75mm in its flagship portfolio and it launched in early 2018, making it one of the newest players in the robo-advice industry. Titan’s goal is to make the benefits of a hedge fund accessible to the general public by using modern robo-advisor technology.

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Posted on May 8, 2020

  • SigFig, Fidelity Go, and Axos Invest win three-year top-performer prizes
  • Three-year fixed income returns surpass equity returns
  • Investment-grade corporates and treasuries help robos deal with volatile markets
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Posted on May 1, 2020

Vanguard:

Ranked #1 for Best Robo for Complex Financial Planning Needs

Ranked #2 for Best Overall Robo

Overview

With over $140 billion in assets under management, Vanguard’s Personal Advisor Services is the largest direct-to-consumer robo advisor. Vanguard offers a compelling robo with low fees and strong access to live advisors. In our most recent Robo Ranking, Vanguard’s Personal Advisor Services was ranked the Best Robo for Complex Financial Planning Needs, and it was ranked second in the Best Overall Robo and Best Robo from an Incumbent Financial Institution categories. 

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